COPENHAGEN (Reuters) – Denmark’s central bank cut its key policy interest rate by 25 basis points to 2.85% on Thursday as expected, following the European Central Bank’s decision earlier in the day to reduce euro zone rates. “The interest rate reduction is a consequence of the reduction by the European Central Bank of its main …
Denmark’s central bank cuts key interest rate to 2.85%, mirroring ECB Read More »
By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank UniCredit has reached an agreement with labour unions to send 1,000 staff into early retirement and replace half of them with new hires, unions said on Thursday. The move, sources have previously told Reuters, forms part of CEO Andrea Orcel’s strategy aimed at slimming down the corporate …
UniCredit inks jobs deal with unions in corporate centre downsizing Read More »
ROME (Reuters) -Italy is in talks with several companies including U.S. energy group Westinghouse and France’s EDF as potential partners for a state-backed company that will build advanced nuclear reactors in the country, Energy Minister Gilberto Pichetto Fratin said. “The scale of investment in nuclear power requires cooperation with several international players,” he told reporters, …
Italy in talks with Westinghouse, EDF for nuclear plants, minister says Read More »
(Reuters) -German science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy Mirus Bio for $600 million, it said ahead of its Capital Markets day on Thursday. “Our guiding principle is and always has been, the right target, at the right time, for …
Germany’s Merck open to more M&A for its Life Science division Read More »
(Reuters) – Travelers Companies’ third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%. Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto …
Insurer Travelers beats profit estimate on underwriting strength, investment gains Read More »
By Julien Pretot PARIS (Reuters) – Since Paris St Germain were taken over by Qatar Sports Investments just over a decade ago the club has become a symbol of global sports ambition and highlighted the absence of another top-tier club in the city, an oddity in European football. The Arnault family and Red Bull’s proposed …
Soccer-Arnault, Red Bull’s proposed Paris FC takeover set to fix city’s football oddity Read More »
ZURICH (Reuters) – ABB at least $1 billion to spend on deals as it looks to boost its revenues by being more active in M&A, Chief Financial Officer Timo Ihamuotila said on Thursday. The Swiss engineering firm said it would target smaller and mid-sized companies but did not rule out larger deals. “It’s fair to …
ABB has at least $1 billion to spend on M&A, CFO of Swiss firm says Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen unions and management are in the midst of talks unions say went from abysmal to controversial, as workers have accused the carmaker of failing to present a vision for the future despite assurances that a new strategy is underway. In an interview published online to workers in Volkswagen’s works …
VW, unions in fact-finding talks as carmaker develops new strategy Read More »
By Riham Alkousaa BERLIN (Reuters) -Germany is planning state guarantees for wind energy production, it said on Thursday, as part of a package of measures to boost its wind industry amid concerns from European governments and companies over Chinese firms gaining momentum in the sector. Berlin will expand the scope a KfW state bank program …
Germany moves to strengthen domestic wind power industry Read More »
By Leigh Thomas PARIS (Reuters) – France’s belt-tightening budget delivers a bigger tax hit than the government originally let on, according to new breakdowns that suggest a bigger dent in President Emmanuel Macron’s pro-business legacy. Prime Minister Michel Barnier presented a 2025 budget bill last week putting what ministers said was a 60 billion euro …
French budget packs bigger tax punch than first meets the eye Read More »
